Research On The Guarantee Level Of National Social Security Fund To China 's Endowment Insurance

The National Social Security Fund is a Public Pension Reserve Fund established in China.One of the main purposes is for the endowment insurance and other social security expenditure gap caused by aging process.The balance of the pension fund becomes worse with the aging of population in our country.First of all,with the aging of the population in China continues to increase,the pension fund revenue and expenditure situation began to become worse.According to Wang Hu bang's prediction,expected to 2024 pension spending will be greater than revenue.By 2033,the accumulation of pension insurance will be consumed.By 2050,the peak period of population aging,pension funds will be up to 134 trillion and 320 billion yuan cumulative gap.Secondly,because of the problems left over in the transition of the old age insurance system,the "empty account" of the individual account has already threatened the social security system seriously.According to China's labor and social security development report,as of 2014,the "empty account" of the individual account has reached 35,973 yuan,which has become a major hidden danger for the stable operation of pension funds.Faced with such a severe situation,the responsibility of The National Social Security Fund is more important,and it is necessary to strengthen the study of its operation and the level of its security for the old-age insurance.In this paper,the author analyzes the theory,the operating mechanism and the current situation of the pension fund and the National Social Security Fund.Combined with the practice of public pension fund in Europe and the United States and other major countries,the paper discusses the security level of the National Social Security Fund for the pension insurance expenditure.In order to improve the level of pension insurance expenditure,this paper proposes four aspects of policy building.In addition,the paper also predicts the scale of the national social security fund under the current system and the improved policy by the method of mathematical statistics.The results show that in accordance with the existing model in 2050 the National Social Security Fund will be accumulated to 55 trillion and 610 billion yuan,but cannot cover the pension fund in this period will be the cumulative fund gap.If adopt improved measures,the National Social Security Fund will be accumulated to 172 trillion and 920 billion yuan in 2050.This is 3.11 times the size of it not adopted.It is able to cover the accumulated fund gap of pension fund in this period,and achieve the goal of providing insurance for the pension expenditure.This paper is divided into six chapters.The first chapter is an introduction.This chapter mainly discusses the background,significance and literature review of the National Social Security Fund.The second chapter is the theoretical analysis of the National Social Security Fund.Through the analysis of the related theory of endowment insurance system and the National Social Security Fund,discusses its relationship with the endowment insurance and National Social Security Fund established significance from the theoretical level,in order to seek the theoretical support for the National Social Security Fund.The third chapter analyzes the current situation of the national social security fund and pension fund.This chapter analyzes the current situation of the National Social Security Fund and pension fund.The fourth chapter,the European and American developed countries Public Pension Reserve Fund model and its protection for endowment insurance.This chapter makes a comparative analysis of the practice of t Public Pension Reserve Fund in Europe and the American and other major countries in order to provide experience and reference for the development and operation of China's National Social Security Fund.The fifth chapter is about the analysis of the National Social Security Fund's protection for the endowment insurance in China.This chapter establishes the mathematical model,based on reasonable assumptions,to predict the National Social Security Fund operation,and the gap compared with the pension fund forecast,and analysis of the national social security fund to ensure the level of old-age insurance expenditure.The sixth chapter is to improve the national social security fund on the level of old-age insurance policy recommendations.This chapter is mainly for the national social security fund protection ability is insufficient,put forward from four aspects of mechanism reform to improve the national social security fund protection level analysis.At the end of this chapter,the paper summarizes,puts forward the endowment insurance expenditure gap is a long-term problem,not just rely on the national social security fund to supplement,need to cooperate with the reform of the endowment insurance system,to solve the long-term problem.Generally speaking,the national social security fund has made considerable achievements after more than 10 years of development.However,if the current mechanism is still running and the replacement rate of endowment insurance remains unchanged,the level of old-age insurance expenditure protection will be insufficient for the peak period of the aging population.Therefore,the National Social Security Fund needs to take a number of measures including financing mechanism,reform and improve the investment mechanism,improve the management mechanism and enhance the effectiveness of supervision,to improve and perfect the management level and enhance its ability of pension security.Only in this way can we better maintain the healthy and stable operation of our social security system.